1116 Cross Pointe DrCookevilleTN38506
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cookeville at 1116 Cross Pointe Dr, Cookeville, TN, 38506 generates $2,856/mo in rent, after a $2,740/mo payment. Total monthly income is $2,856/mo. Return on cash invested sits at 16.83% in year one, and rental yield is 6.12% on a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation builds toward $154,690 over five years. Five-year ROI reaches 86.04% and total cumulative return in cash sums $158,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,856/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,210 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38506, Cookeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,732 (100%) |
| Owner Occupied HU | 9,566 (69.7%) |
| Renter Occupied HU | 3,241 (23.6%) |
| Vacant Housing Units | 925 ( 6.7%) |
| Median Home Value | $318,155 |
| Average Home Value | $357,210 |
Housing Distribution
Address Breakdown
Residential
13,205
Single Family
12,960
Multi-Family
245
Businesses
699
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Listed by: Joey Reels • Southern Realty Group LLC #2
Mls Name: UCMLS
Mls Provider:
Mls ID: #235737
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